NetSuite Competitors: 8 Best Alternatives to Consider (2024)

Home

/

Blog

/

8 NetSuite Alternatives & Competitors in 2024

Vendr has helped companies like yours save over $400 million on software purchases. Skip the negotiation and save thousands via private offers on the Vendr Marketplace.

NetSuite is a comprehensive cloud-based software suite that streamlines business operations by integrating powerful functionalities such as enterprise resource planning (ERP), customer relationship management (CRM), inventory management, accounting, and e-commerce.

Known as a leader in the ERP space, NetSuite is a valuable business management solution capable of integrating seamlessly with various business systems, applications, and workflows (see our guide on the top Netsuite integrations for more info). The company is also a Vendr Verified supplier, which means they lead with great pricing and customers who use them are highly satisfied.

However, some businesses may prefer an alternative solution with a lower cost, different integrations, deeper customization options, and/or more industry-specific features.

This guide will cover some top competitors you might consider as an alternative to Netsuite:

1. Sage Intacct.
2. Certinia.
3. SAP.
4. Workday.
5. Plex Systems.
6. Microsoft Dynamics 365.
7. Infor.
8. Oracle Fusion Cloud ERP.

{{cta1}}

1. Sage Intacct

Sage Intacct is a comprehensive, cloud-based financial management solution that offers businesses deep accounting capabilities, real-time financial and operational insights, and the ability to automate critical business processes to ensure accuracy and efficiency.

One of Sage Intacct’s most significant selling points is the high degree of flexibility it affords organizations. It allows you to choose from a range of applications to build a financial management system that best suits your unique needs.

Key features

• A general ledger.
• Accounts payable.
• Accounts receivable.
• Cash management.
• Multi-dimensional reporting.
• Revenue recognition.
• Global consolidations.

Target audience

Sage Intacct is most suitable for small- to medium-sized businesses that are primarily focused on an accounting solution. However, It is not a true ERP system like NetSuite, lacking enterprise-level scalability.

Pricing breakdown

Sage Intacct’s pricing model depends on the business's needs, the number of users, and the organizational complexity. According to Vendr data, the median annual contract value for businesses is $60,000.

Unique selling points

• Seamlessly integrates with other leading software solutions.
• GDPR and SOC2 compliant.
• Multi-factor authentication (MFA) and Single Sign-On (SSO) capabilities.
• Complies with data protection laws, including the Data Protection Act (DPA).

2. Certinia

Key features

• Accounting.
• Invoicing.
• Budgeting.
• Financial data tracking.
• Managing projects.
• Time tracking.
• Budgeting and forecasting.

Target audience

Certinia is ideal for mid-size service firms and global enterprises that prioritize customer-centric operations and agile business operations. If your organization needs to unify various business functions and processes, such as professional service teams, finances, and accounting, within one platform, Certinia may be a good choice for a financial management platform.

Pricing breakdown

Pricing starts at $175 per user per month for access to all features, and the total cost is based on license type and modules included.

Unique selling points

• Real-time financial data.
• Multi-currency support.
• Automated invoicing.
• Multi-dimensional reporting.
• Seamless integration with Salesforce.

3. SAP

Systems, Applications, and Products in Data Processing (SAP) is a multi-national software corporation that is highly trusted by customers. SAP’s ERP software is the most widely used ERP solution on the market, containing hundreds of fully integrated modules covering nearly every aspect of business management. SAP’s ERP software platform helps streamline business operations, including finances, human resources, sales, and supply chain management.

Key features

• Modular design.
• Scalable.
• Highly customizable.
• Many integration options.
• Works with compliance frameworks.

Target audience

SAP software is primarily designed for midsized companies and enterprises across manufacturing, retail, healthcare, and finance industries. Using SAP improves efficiency, reduces costs, and provides valuable insights that guide informed decision-making.

Pricing breakdown

SAP’s pricing structure is based on factors such as the number of users, the specific number and type of modules required, and the level of customization a business needs. Must contact the company for a custom quote.

Unique selling points

• A strong reputation and history of high-quality software products.
• User-friendly and easy to implement.
• Comprehensive support and training services.
• Software is constantly updated.

4. Workday

Workday is a cutting-edge ERP software platform that helps businesses streamline their finance, HR, and business planning operations with its cloud-based software suite. As an all-in-one software solution, Workday provides real-time visibility into all critical data and operational trends.

Key features

• Human capital management.
• Financial management
• Time and attendance tracking.
• Analytics and reporting.
• Wide range of integrations.

Target audience

Workday’s software is primarily designed for midsized to large enterprises needing extensive HR and financial planning capabilities.

Pricing breakdown

Workday has a bespoke pricing model and you must contact the company for a quote. According to Vendr data, the median annual contract value for businesses is $55,000.

Unique selling points

• Encompasses workforce planning, recruitment, talent management, and benefits administration.
• Easy-to-use security features such as MFA and SSO.
• Compliant with popular frameworks such as GDPR and SOC2.
• Integrates with many leading software platforms across industries.

{{cta1}}

5. Plex Systems

Plex Systems is designed to help manufacturers manage their entire production process, offering real-time visibility into production planning, inventory management, quality control, and maintenance management.

Key features

• Cloud-based.
• Modular design.
• Quality management control.
• Business intelligence and analytics.
• Integrative with CRM and EPM systems.

Target audience

Plex Systems is designed specifically for midsized to large manufacturers.

Pricing breakdown

Pricing is bespoke and is based on organizational size and number of users.

Unique selling points

• Strong security and privacy features.
• Supply chain management built for manufacturers.
• Complies with international data protection standards.

6. Microsoft Dynamics 365

Microsoft Dynamics 365 is a cloud-based ERP and CRM software suite launched in 2016 to help businesses manage their operations, improve customer relationships, and drive growth. Dynamics 365 includes a range of applications for finance, sales, marketing, customer service, field service, and supply chain management.

Key features

• Cloud-based.
• Quick access to sales insights.
• Mobility for field service.
• Integration with other Microsoft products.
• Smart search capabilities.

Target audience

Dynamics 365 is designed for a wide range of organizations, from SMBs to large enterprises across finance, healthcare, retail, manufacturing, and professional services.

Pricing breakdown

Pricing is based on an organization’s size and number of users and starts at around $50 per user per month, depending on the type of account.

Unique selling points

AI-powered solutions empower sales and marketing teams with actionable insights and productivity tools. However, customization limitations and integration challenges with non-Microsoft products can cause difficulties, and smaller businesses may find the cost prohibitive if they require more than a few users.

7. Infor

Infor Enterprise Asset Management (EAM) software is designed to help enterprises manage their assets, reduce downtime, and optimize maintenance processes. Founded in 2002, Infor has become a leading enterprise software provider for various industries, including manufacturing, healthcare, hospitality, and retail.

Key features

• Asset management.
• Maintenance management.
• Inventory management.
• Procurement.
• Work order management.

Target audience

Infor is primarily used by midsized companies and enterprises in the hospitality, retail, healthcare, and manufacturing industries.

Infor pricing breakdown

Pricing is dependent on organizational size and can range broadly, similar to the size of its globally distributed clients. Must contact the company for a customer quote.

Unique selling points

Infor CloudSuite Industrial (SyteLine) and VISUAL products are tailored for manufacturers. They offer comprehensive functionality across CRM, sales, material planning, inventory control, purchasing, scheduling, and multi-language and currency support. CloudSuite Industrial is optimized for true multi-tenant cloud offerings and runs in a browser, whereas VISUAL operates on a client-server architecture.

8. Oracle Fusion Cloud ERP

Founded in 1977, Oracle has become a leading global provider of enterprise software solutions for industries such as retail, hospitality, finance, and healthcare. Oracle Fusion Cloud ERP offers many features, including financial management, project management, procurement, risk management, and supply chain management.

Key features

• Cloud-based.
• Financial management.
• Enterprise performance management.
• Reporting and analytics.
• Integrations and extensibility.

Target audience

Oracle Fusion Cloud ERP is used primarily by midsized companies and large enterprises across many different industries.

Pricing breakdown

Oracle Fusion Cloud ERP base pricing costs $625 per month or $7,500 per year with a minimum user requirement of ten users. This means the base cost of Oracle ERP software is at least $75,000 annually.

Unique selling points

Oracle Fusion Cloud ERP base competes directly with NetSuite despite both being owned by Oracle. It is known for integrating AI to automate processes and provide real-time analytics. However, this complex product is unlikely to be suitable for smaller organizations with limited budgets.

Navigate software procurement with Vendr

Vendr’s procurement platform has helped companies save an average of 17% on software costs. This is possible thanks to Vendr’s detailed pricing benchmarks and negotiation experts who help procurement teams understand whether they are overpaying their software vendors.

As you evaluate different NetSuite alternatives, register for a free-forever Vendr account and access community insights to guide your decision-making.

NetSuite alternatives FAQs

Is NetSuite an ERP or CRM?

NetSuite is primarily an ERP software solution that offers CRM functionality.

Are there affordable alternatives to NetSuite for small businesses?

Several affordable alternatives to NetSuite for small businesses include Sage Intacct and Microsoft Dynamics 365.

Which NetSuite competitor is best for manufacturing?

Plex Systems and Infor are popular choices for manufacturing companies because of their dynamic, comprehensive features, which are built specifically for this industry.

{{cta1}}